OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017
According to OPEC’s monthly oil market report has recently published, Azerbaijan’s oil supply is anticipated to average 0.85 million barrels per day (bpd), indicating a decline by 10,000 bpd in output in 2016. OPEC also expects decline in oil production in Azerbaijan by 40,000 bpd in 2017 due to a lack of new project start-ups.
June 2016 oil output in Azerbaijan declined by 10,000 bpd compared to May 2016 and... Read More